Author: Press Room
Tractor Supply Co. John Deere. Now Harley-Davidson. Harley-Davidson said Monday that it’s ending diversity and other progressive initiatives at the company. Harley-Davidson is the latest major American brand to backtrack from DEI policies it had supported in recent years. Harley-Davidson faced pressure online from Robby Starbuck, a conservative activist who has successfully taken on DEI policies at several American companies. “We are saddened by the negativity on social media over the last few weeks, designed to divide the Harley-Davidson community,” the company wrote in a statement posted on X. The company added that “we have not operated a DEI function…
Investment Thesis Taylor Devices (NASDAQ:TAYD) reported a nice quarter and full year results for 2024, setting record high sales and profits. Backlogs continues to be healthy and the company shows no signs of slowing down fundamentally, but the valuation is pretty fair. Given the company’s experience, track record, and growing momentum in fundamentals, I think the company’s products are high-quality and efficiently produced seeing that profit margins have expanded from 15.6% to 20.2%. However, at around 20x trailing earnings the stock seems reasonably priced and I think some talks of economic slowdowns may cause revenue growth to slow, specifically in…
Hello and welcome to the working week.The next seven days are not all about the US, just mostly. The headline act will be the Democratic National Convention, which officially kicks off at the United Center in Chicago on Monday with more than 50,000 people expected to attend over the following few days, including FT colleagues. The DNC is an act of choreography to make an Olympic opening ceremony look like the Gloucester cheese-rolling contest, with momentum gradually building over the week. This year will feature speeches by President Joe Biden, then former presidents Barack Obama and Bill Clinton before the…
A trio of Democratic senators running in some of the most competitive races in the country are opting against attending the Democratic National Convention this week in Chicago, even as their party looks to display a heightened level of enthusiasm and unity for newly minted presidential nominee Kamala Harris. Sens. Sherrod Brown of Ohio, Jon Tester of Montana, and Jacky Rosen of Nevada are all not planning to attend the four-day gathering, their offices said. Other Democrats in battleground state races, including Sen. Bob Casey of Pennsylvania, Rep. Elissa Slotkin of Michigan and Sen. Tammy Baldwin of neighboring Wisconsin, are planning to attend at least some of the…
Imagine this: You’re retired, lounging in your favorite chair, feet up, sipping something chilled as the sun sets. Your home is clean, everything is organized, the laundry is neatly folded, the trash has been put out for tomorrow’s pickup, and to make the day even better, you can smell your favorite meal being prepared. Did you do all of this? Are your doting adult children making up for bad behavior in their adolescence? Did you win the lottery and hire staff? No, this is a new tech-enabled retirement life. Your robot did it all. This sounds like sci-fi. And for…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The median interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 13, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from yesterday. Analysts are hopeful that lower interest rates are on the horizon. The Federal…
Investors may want to consider buffer ETFs to hedge the recent market volatility.Bruce Bond, CEO of Innovator ETFs, sees an opportunity in buffer exchange-traded funds to offer some protection from the market’s downside.”This [strategy] fits a group of people that are interested in getting exposure to the market, but not taking the full risk of the market,” Bond told CNBC’s “ETF Edge” on Wednesday.Innovator ETFs issue monthly buffer ETFs. Their August ETF is under the ticker PAUG and offers 15% downside protection. “If someone wants to invest in the S&P 500, they can get right in and do that,” Bond said.…
When Kamala Harris chose Minnesota Governor Tim Walz, a former teacher, as her running mate, experts noted he could bring a revitalized policy focus on child care and early childhood. As governor, Walz expanded state child tax credits and built a paid family leave program. Walz also distributed funds to boost early child-care professional wages and build provider capacity. Harris is “doubling down” on child care, said one expert.In the national economic platform unveiled by the Harris administration on Friday, restoring the expanded federal child tax credits introduced during the Covid pandemic is a key priority, and is linked to the…
After the 2018 Camp Fire – the deadliest wildfire in California’s history – engulfed Michael and Kristy Daneau’s Paradise home, the couple and their four daughters were forced to move 30 miles away to find a home they could afford. They moved to Cohasset to buy a home with money they received through their insurance claim and their portion of an $11 billion Pacific Gas & Electric (PG&E) settlement with insurance companies for the blazes linked to its equipment failure. Six years later, the family’s experiencing déjà vu: Their new home in the rocky region of northern California recently burned down to the…
Will the Federal Reserve lower its policy rate of interest or not? That is the question. But, as I keep writing, is that really the question that we should be asking? Some analysts are taking a longer look at the movements in the M2 money stock. Concerns here is that the M2 money stock has been declining for a substantial period of time. Let’s look at the chart. M2 Money Stock (Federal Reserve) The peak of the M2 money stock numbers comes in the week of April 18, 2022…just a few weeks after the Fed begins its current efforts of…
